Art tokenization is the conversion of ownership into digital tokens for the purpose of improving the liquidity, making the asset easier to purchase or sell.

The following are some of the advantages and disadvantages of tokenizing art through an ICO.

Advantages:

Tokenization can help asset owners to liquidate and sell their assets in a short period of time

Investors can enjoy part-ownership of exquisite art pieces

It encourages artists to put their work out more

There is an increase in the number of patrons of the arts

Disadvantages:

Art is relatively a difficult asset to tokenize because of its high illiquidity

There is no personal touch involved when buying or selling art through an ICO

It is difficult to determine the value of art

Keeping all these in mind, if you are looking for more information on art tokenization of even services, then have a look at Blockchain App Factory. They are skilled in providing blockchain-based solutions.